Altex Industries INC (ALTX) — SEC Filings

Overview

Altex Industries INC (ALTX) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-K filed on Nov 28, 2025: ALTEX INDUSTRIES INC (ALTX) reported a challenging fiscal year 2025, with operating activities using $99,000 cash, an increase from $78,000 in FY24. The company also used $12,000 cash to acquire 41,880 shares of its common stock in FY25, compared to $23,000 for 118,501 shares in FY24. General and ad

Sentiment Summary

Across 8 filings, the sentiment breakdown is: 2 bearish, 6 neutral. The dominant filing sentiment for Altex Industries INC is neutral.

Filing Type Overview

Altex Industries INC (ALTX) has filed 2 10-K, 6 10-Q with the SEC between Feb 2024 to Nov 2025.

Filings by Year

2025 · 2024

Recent Filings (8)

• ALTX Faces Liquidity Squeeze Amid Rising Costs, Deferred CEO Pay — 10-K · Nov 28, 2025 Risk: high
  ALTEX INDUSTRIES INC (ALTX) reported a challenging fiscal year 2025, with operating activities using $99,000 cash, an increase from $78,000 in FY24. The company
• ALTEX Swings to Loss in Q3 Amidst Challenging Market — 10-Q · Aug 8, 2025 Risk: high
  ALTEX INDUSTRIES INC reported a net loss of $1,000 for the three months ended June 30, 2025, a significant decline from the net income of $1,000 reported in the
• Altex Industries Files 10-Q for Q2 2025 — 10-Q · May 2, 2025 Risk: medium
  Altex Industries Inc. filed its 10-Q for the period ending March 31, 2025. The company, operating in the Crude Petroleum & Natural Gas sector, reported financia
• Altex Industries Inc. Files Q3 2024 10-Q — 10-Q · Jan 31, 2025 Risk: medium
  Altex Industries Inc. filed its quarterly report on Form 10-Q for the period ending December 31, 2024. The company, operating in the crude petroleum & natural g
• Altex Industries Inc. Files 2024 10-K — 10-K · Nov 29, 2024 Risk: medium
  Altex Industries Inc. filed its 2024 10-K report for the fiscal year ending September 30, 2024. The company, operating in the Crude Petroleum & Natural Gas sect
• Altex Industries Inc. Files 10-Q for Q3 2024 — 10-Q · Jul 26, 2024 Risk: medium
  Altex Industries Inc. filed its 10-Q for the period ending June 30, 2024. The filing covers financial performance and operational details for the company, which
• ALTEX INDUSTRIES INC Files Quarterly Report on Form 10-Q — 10-Q · May 3, 2024 Risk: low
  ALTEX INDUSTRIES INC (ALTX) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. ALTEX INDUSTRIES INC filed a Form 10-Q for the quarterly period ended M
• ALTEX INDUSTRIES INC Files Quarterly Report on Form 10-Q for Period Ended December 31, 2023 — 10-Q · Feb 2, 2024 Risk: low
  ALTEX INDUSTRIES INC (ALTX) filed a Quarterly Report (10-Q) with the SEC on February 2, 2024. ALTEX INDUSTRIES INC filed a Form 10-Q for the quarterly period en

Risk Profile

Risk Assessment: Of ALTX's 8 recent filings, 2 were flagged as high-risk, 4 as medium-risk, and 2 as low-risk. The overall risk profile suggests moderate risk with a balanced mix of positive and cautionary disclosures.

Financial Highlights

Key financial metrics from Altex Industries INC's most recent 10-K filing (Nov 28, 2025):

• Revenue: $184,000
• Net Income: -$100,000
• EPS: -$0.89
• Debt-to-Equity: N/A
• Cash Position: $111,000
• Operating Margin: -53.8%
• Total Assets: $1,346,000
• Total Debt: $0

Key Executives

• Steven Cardin
• Jeffrey Chernow
• Stephen Fante

Industry Context

Altex Industries operates in the oil and gas sector, which is characterized by significant competition and price volatility. The industry is subject to extensive federal, state, and local regulations concerning environmental protection and production. Companies rely on third-party operators for production, which introduces operational risks and information asymmetry.

Top Tags

10-Q (4) · financials (4) · oil-gas (3) · Quarterly Report (2) · SEC Filing (2) · ALTEX INDUSTRIES INC (2) · Oil and Gas (2) · Oil & Gas (1) · Microcap (1) · Liquidity Risk (1)

Executive Compensation

From the most recent 10-K filing (Nov 28, 2025):

• Steven Cardin — CEO: $90,000

Key Numbers

• Cash used in operating activities: $99,000 — Increased from $78,000 in FY24, indicating worsening operational cash burn.
• Accrued expenses, related party: $1,235,000 — Deferred salary and bonus payable to the president, Steven Cardin, representing a significant liquidity risk.
• General and administrative expense: $320,000 — Increased from $233,000 in FY24, primarily due to a $94,000 bonus for the president.
• Net oil production: 300 barrels — Reported for FY25, consistent with FY24, indicating stagnant production.
• Average oil price per barrel: $56.33 — Decreased from $73.67 in FY24, impacting revenue.
• Proved, developed oil reserves: 2,400 barrels — Estimated at September 30, 2025, in the Glo Field, Wyoming.
• Steven Cardin's beneficial ownership: 64.7% — Significant control over the company's common stock.
• Shares repurchased: 41,880 — In September 2025 at an average price of $0.29 per share.
• Interest income: $115,000 — Decreased from $128,000 in FY24 due to lower interest rates.
• Full-time employee: 1 — The company operates with only one full-time employee, highlighting its minimal operational footprint.
• Net Loss (Q3 2025): $1,000 — Represents a swing from $1,000 net income in Q3 2024 to a loss in Q3 2025.
• Net Loss (YTD 2025): $3,000 — Represents a swing from $3,000 net income in YTD 2024 to a loss in YTD 2025.
• Retained Earnings (June 30, 2025): $7,000 — Decreased from $10,000 on September 30, 2024, indicating cumulative losses.
• Common Stock Shares: 1,000 — Remained stable, indicating no dilution or buybacks.
• Common Stock Value: $1,000 — Consistent across periods, reflecting stable share count.

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